Birdwatch Note Rating
2024-01-16 12:57:06 UTC - NOT_HELPFUL
Rated by Participant: 8B304C6001B4C81A5AE136053ABAD113D402A79267A355979B13D01E0E1D0BB5
Participant Details
Original Note:
These are misleading claims. No one firm or company owns the entire stock market. Vanguard & Blackrock manage investor funds. They don't "control" these funds in the sense of ownership. These companies own these shares on behalf of their investors, mainly through index funds https://www.cnbc.com/2023/10/23/vanguard-blackrock-state-street-dont-own-major-us-corporations.html https://www.investopedia.com/articles/investing/111715/how-vanguard-index-funds-work.asp
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